SAGA PLC Saga Chairman announces intention to retire (3906U)
October 24 2017 - 1:00AM
UK Regulatory
TIDMSAGA
RNS Number : 3906U
SAGA PLC
24 October 2017
24 October 2017
Saga plc
Saga Chairman announces intention to retire and board launches
search for successor
After 26 years with the business, 14 of which as Chairman,
Andrew Goodsell has notified the Board of Saga plc that he intends
to retire from the company during 2018. The Senior Independent
Director, Orna NiChionna, will initiate a process to appoint his
successor as Chairman with immediate effect. Once a candidate is
identified, it is envisaged that there will be an appropriate
period of handover, which Andrew has indicated he would ideally
like to complete by the end of May 2018.
Andrew joined Saga in 1992 and became Group Chief Executive and
Chairman in 2004 and Non-Executive Chairman in 2015, having
transitioned executive responsibilities to Lance Batchelor. He has
overseen a period of very fast growth and change and the successful
flotation of Saga on the London Stock Exchange in 2014.
Andrew Goodsell, Chairman, said: "I have enjoyed my time at Saga
immensely and am extremely proud of what we have achieved as a
company. I have decided to step down as Chairman four years after
flotation in the knowledge that Saga has a very strong management
team and Board which will take the business forward."
Lance Batchelor, Group Chief Executive, said: "Andrew has played
a key role in Saga for many years. I would like to thank him
personally for his invaluable support and counsel since I joined
the company in 2014."
Orna NiChionna, Senior Independent Director, said: "Andrew has
made a very significant contribution to Saga. The Board offers him
its thanks and looks forward to continuing to work with him in the
coming months."
END
Saga plc
Mark Watkins, Investor Relations Director Tel: 07738 777 479
Email: mark.watkins@saga.co.uk
MHP
Tim Rowntree/Simon Hockridge/Reg Hoare Tel: 020 3128 8100
Email: saga@mhpc.com
Notes to editors
Saga is a specialist in the provision of products and services
for life after 50. The Saga brand is one of the most recognised and
trusted brands in the UK and is known for its high level of
customer service and its high quality, award winning products and
services including cruises and holidays, insurance, personal
finance and publishing. saga.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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